Horner: Cost cuts won't hurt form

Red Bull Racing team principal Christian Horner is confident that the team's competitiveness next year will not be adversely affected by the major budget cuts they are having to make

Horner: Cost cuts won't hurt form

As autosport.com revealed yesterday, Red Bull's senior management are looking at making up to a 30 per cent cost reduction at the team over the next 12 months.

But despite such cutbacks, Horner thinks the team are well placed to see through the situation without having their form hurt.

"Red Bull Racing have been prudent in their planning and I don't think our programme will be compromised in any way," Horner told autosport.com.

"Every team in the pit lane is looking to cut costs, working collectively through FOTA and through the FIA making positive progress. We've adjusted and reacted to those [economic] situations. Obviously F1's costs have spiralled out of control during the last few years."

Horner added that progress made by the Formula One Teams' Association (FOTA) and the FIA in closing on a final package of cost-cutting measures will also make it easier to find the necessary budgetary savings.

"Moves have been afoot for some time to control costs, whether it be the increase in engine life with the restrictions of testing and so on, so that naturally creates cost saving opportunities," he said.

"Further proposals have been discussed in FOTA, which is all very positive. It is very timely considering the current economic climate."

Horner also downplayed concerns over the future of F1 following the withdrawal of Honda, saying that the fact potential buyers are interested in the team is grounds for optimism.

"It's a real shame to lose a team with the long standing history on F1 such as Honda," he said. "But obviously it's good to hear that there are several other parties who are interested.

"Obviously Jaguar withdrew several years ago, which presented an opportunity for Red Bull. Whether there's another Red Bull out there at this point in time is difficult to say, but hopefully for all the guys at Honda they will find something in the near future."

Red Bull Racing received a small financial boost this week when they announced a new team partner in computer firm Trust. The company's logos will appear on the drivers' helmets and other team branding areas.

shares
comments
Trulli: Glock will help us progress
Previous article

Trulli: Glock will help us progress

Next article

Standard engine set for go-ahead

Standard engine set for go-ahead
Load comments
The impressive attitude that earned Albon his second F1 chance Plus

The impressive attitude that earned Albon his second F1 chance

Dropped by Red Bull last season, Alexander Albon has fought back into a Formula 1 seat with Williams. ALEX KALINAUCKAS explains what Albon has done to earn the place soon to be vacated by the highly rated George Russell

How Formula E factors could negate Red Bull's Jeddah practice gap to Mercedes Plus

How Formula E factors could negate Red Bull's Jeddah practice gap to Mercedes

Mercedes led the way in practice for Formula 1’s first race in Jeddah, where Red Bull was off the pace on both single-lap and long runs. But, if Max Verstappen can reverse the results on Saturday, factors familiar in motorsport’s main electric single-seater category could be decisive in another close battle with Lewis Hamilton

Formula 1
Dec 3, 2021
Why Norris doesn’t expect Mr Nice Guy praise for much longer Plus

Why Norris doesn’t expect Mr Nice Guy praise for much longer

Earning praise from rivals has been a welcome sign that Lando Norris is becoming established among Formula 1's elite. But the McLaren driver is confident that his team's upward curve can put him in the mix to contend for titles in the future, when he's hoping the compliments will be replaced by being deemed an equal adversary

Formula 1
Dec 2, 2021
What Ferrari still needs to improve to return to F1 title contention Plus

What Ferrari still needs to improve to return to F1 title contention

After a disastrous 2020 in which it slumped to sixth in the F1 constructors' standings, Ferrari has rebounded strongly and is on course to finish third - despite regulations that forced it to carryover much of its forgettable SF1000 machine. Yet while it can be pleased with its improvement, there are still steps it must make if 2022 is to yield a return to winning ways

Formula 1
Dec 2, 2021
How F1 teams and personnel react in pressurised situations Plus

How F1 teams and personnel react in pressurised situations

OPINION: The pressure is firmly on Red Bull and Mercedes as Formula 1 2021 embarks on its final double-header. How the respective teams deal with that will be a crucial factor in deciding the outcome of the drivers' and constructors' championships, as Autosport's technical consultant and ex-McLaren F1 engineer explains

Formula 1
Dec 1, 2021
Why Ferrari is sure its long-term Leclerc investment will be vindicated Plus

Why Ferrari is sure its long-term Leclerc investment will be vindicated

Humble yet blisteringly quick, Charles Leclerc is the driver Ferrari sees as its next
 world champion, and a rightful heir to the greats of Ferrari’s past – even though, by the team’s own admission, he’s not the finished article yet. Here's why it is confident that the 24-year-old can be the man to end a drought stretching back to 2008

Formula 1
Nov 30, 2021
The downside to F1's show and tell proposal Plus

The downside to F1's show and tell proposal

Technology lies at the heart of the F1 story and it fascinates fans, which is why the commercial rights holder plans to compel teams to show more of their ‘secrets’. STUART CODLING fears this will encourage techno-quackery…

Formula 1
Nov 29, 2021
How getting sacked gave Mercedes F1’s tech wizard lasting benefits Plus

How getting sacked gave Mercedes F1’s tech wizard lasting benefits

He’s had a hand in world championship-winning Formula 1 cars for Benetton, Renault and Mercedes, and was also a cog in the Schumacher-Ferrari axis. Having recently ‘moved upstairs’ as Mercedes chief technical officer, James Allison tells STUART CODLING about his career path and why being axed by Benetton was one of the best things that ever happened to him

Formula 1
Nov 28, 2021